Hi there, I'm looking for ways I can get additional funds for a down payment on our first investment property. We have money in savings, but I'd like to draw from that as little as possible. My husband and I are 2 mem...

I need to go onto the county website will that tell me the regulations?

This creates an upside opportunity that doesn't organically exist with multi-family properties.

I think they should have had their existing customers free as they indicated and charged only new customers.It sometimes fails to auto detect.I think I have had issues when at end of trip it has no coverage. 

That should be covered in your state landlord tennat regulations.

Do they exist?

They could do a conventional loan, a "subject to" which permits them to keep their loan and collect the spread on your monthly payments, or a lease option and keep their security of the existing loan and makes you to pay rent for a while and then sell it to you at a certain date in the future at a certain amount and part of your lease payment can go towards your price down the road. 

You could make it a laundry area and provide coin operated machines (more income).You might check into Owner Financing depending on how motivated they are and if there is a substantial existing mortgage. 

Even with lower rates, we are making a good return, but wonder where this will all go in years ahead with oversaturation and regulations.

And as for distance investing, check out "Long Distance Real Estate Investing by David Greene" It's a really good book sort of focused around SFRs but the same principles exist with multifamily.